Davidson worried fans in December last year after posting a disturbing note on Instagram. Concerned friends reported that Davidson was accounted for on the set of "Saturday Night Live" after the post.

He joined the cast of SNL back in 2014 aged just 20.

The news of the film comes as Davidson's other new coming-of-age movie "Big Time Adolescence" is being unveiled at Sundance Film Festival this week — and critics are already lauding the comedian's acting chops.

"This year's quintessential Sundance coming-of-age comedy with all the usual tropes. Big time laughs, big time truths, big time drama, big time lessons learned. Pete Davidson makes it all worth it otherwise it's all the same we've seen before," wrote FirstShowing.net critic Alex Billington.

Adam B. Vary, Senior Film Reporter at BuzzFeed News, said: "BIG TIME ADOLESCENCE: A winning little coming of age movie about a nice 16-year-old kid (Griffin Gluck) and his 23-year-old affable loser of a best friend (Pete Davidson) that succeeds largely on the charm of its two leads."